News
Report shows fintech sector flourishing with $40bn in M&A action
Hampleton Partners has released its latest fintech M&A report which shows a total disclosed transaction value of $39.3bn in deals for H1 2018. This is a 26 per cent increase in value from the previous 6 months.
Payments Fintech Stripe Valued at $20 Billion in Latest Funding Round
Stripe Inc. said Wednesday that a new fundraising round values the financial-technology startup at roughly $20 billion, vaulting it into the ranks of the world’s most valuable private companies.
SEBA Crypto receives CHF100m to launch crypto bank
The Swiss startup, launched by several former UBS bankers, will use the investment to build both a digital and physical crypto bank.
Student lending fintech Prodigy secures $1bn in debt capital
Keeping pace with another online lender, Prodigy Finance has secured $1bn in debt financing.
Fintech lender scores £300m funding deal with asset manager
ThinCats has announced a new funding deal for up to £300m with global asset manager Insight Investment to fund UK SMEs with commercial loans.
LendInvest scoops another £30.5m in pre-IPO round
With Funding Circle’s debut on the London market imminent, fintech property lender LendInvest has closed what it calls a pre-IPO fundraise.
Klarna acquires Close Brothers’ retail finance arm
Klarna, a payments giant turned fintech bank, has acquired Close Brothers Retail Finance (CBRF), the point-of-sale funding arm of merchant banking group Close Brothers Group plc.
Bezos and Gates back Wagestream’s £4.5m funding round
A big-name dream team that includes Bill Gates and Jeff Bezos are behind the £4.5 million funding for payments start-up Wagestream.
Rightmove founder’s lending platform secures £75m
Glenhawk, a recently launched specialist UK property lender, has secured an initial £75m funding line from Shawbrook Bank and a global asset manager.